FINANCIAL CREDIT GOING.

Feilding Star, Volume XII, Issue 2858, 1 February 1916, Page 4

FINANCIAL CREDIT GOING.

London. Dec Iβ. Tho declining value of German securities lias ibeeiij a- marked feature recently of the Slock Exchange, and yesterday enemy loans were depressed. T,1)o following t.ablo shows the extent to which they have declined: — Yeslcr- Before day. the wai Genua iii Threes 50i 75 Prussian Threes <I') 3 Prussian 3} per cent. o'JJ — Austrian d| per cent. SUJ Ul It is interesting to compare these figures with yesterday's closing ([notation of Consols, which was 581. 'I'll* comparison/ becomes a remarkable testimony to the strength of British credit when it is recalled that Consols bear only 2J per cent, intorest, and that the market isaio loaigea- protected by a ""minimum." New York gives n further indication of tho low state of German credit. The exchange rate in normal times was 95J dollars, for. 400 marks; it is now 77J dollars,-,showing a decline of nearly VJ per cent.